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| Name | Partnership Accounting For Income Allocation (Distribution) With Profit & Bonus Calculated |
| Video Uploader | Video From Allen Mursau |
| Upload Date | This Video Uploaded At 16-09-2012 16:55:35 |
| Video Discription | Partnership accounting for income allocation (distribution) combining several allocation technques including bonus calculation and allocation, example includes (1) interest allocated based on excess of capital invested, (2) bonus based on partnership income after the bonus is included, (3) salaries and (4) remaining profit distributed based on distribution ratio between partners, develope and calculate the bonus based on (bonus = percentage x (net income - salaries - interest)), bonus earned in a partnership based on services provided to the partnership, bonus is recognized for services provided beyond salaries, interest, etc., example shows interest earned for partners based on the excess above a certain amount in the capital account and how the capital investment for allocation based on ending capital and how its used to allocate interest earned on the capital investment, showing the calculations in table form for each partners allocation and the applying the specified interest rate and profit loss ratio to determine each partners share of profit, examples and calculations by Allen Mursau |
| Category | Education |
| Tags | partnership agreement | profit allocation | beginning capital | ending capital | capital account | drawing account | partners capital | profit ratio | loss ratio | capital investment | parnership bonus | capital contribution | capital distribution | partnership accounting | partnership liquidation | partnership dissolution | legal liability | partnership equity | partnership | assets | partnership liability | Mursau | income distribution | partnership bonus | bonus calculation | net income |
